New OREA Report Calls for Bold Action to Build Homes
The report, Analysis of Ontario’s Efforts to Boost Housing Supply analyzes the Government of Ontario’s efforts to increase housing supply and assesses progress made to date to implement the 55 recommendations made in the HATF’s 2022 report , with the goal of adding 1.5 million new homes in the province by 2031.
- The report, Analysis of Ontario’s Efforts to Boost Housing Supply analyzes the Government of Ontario’s efforts to increase housing supply and assesses progress made to date to implement the 55 recommendations made in the HATF’s 2022 report , with the goal of adding 1.5 million new homes in the province by 2031.
- Ontario has set a bold goal to address the housing affordability crisis, and while there has been substantial progress, we need to continue getting more shovels in the ground and bring more homes to market.
- While initial legislative reforms were commendable — aligning official plans with provincial priorities, encouraging growth, and ensuring short-term land is available for homes — momentum has recently slowed due to high interest rates that are working against reforms.
- Implementing land use changes to end exclusionary zoning, in order to unlock more housing supply in urban neighbourhoods.